Zypp Electric’s fleet tops 21,000 as FY25 revenue rises 50% to Rs 437.9 crore
The Gurugram-based electric last-mile delivery fleet operator expanded from under 2,000 scooters to 10,000 in eight months and now operates more than 21,000 vehicles. FY25 losses widened to Rs 107.5 crore as it scaled; its March 2025 valuation was about Rs 3,000 crore.
Zypp Electric expanded its delivery EV fleet beyond 21,000 vehicles, serving e-commerce, food, grocery and pharmacy customers. FY25 revenue rose nearly 50% to Rs 437.9 crore, while losses widened. The company’s March 2025 valuation exceeded Rs 3,000 crore.
Why this matters
Zypp Electric’s scale-up follows reports of its CEO recruiting a security guard into the delivery fleet, a viral founder-guard pay chat, and plans for a $200 million FY28 IPO.
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